Jinkosolar valuation soars on Chinese market debut

Solar panel manufacturer’s bullish Shanghai listing reflects Chinese investors’ growing confidence in renewables sector

Jinkosolar, one of China’s top solar panel manufacturers, has seen its valuation more than double following an initial public offering in Shanghai this month. The bullish market debut reflects a growing view among Chinese investors that solar firms and other renewable energy companies will be key beneficiaries of the Chinese government’s commitment to carbon neutrality before 2060, analysts say. Jinko’s impressive market debut in Shanghai gave it a valuation of about RMB105.5bn ($16.6bn), dwarfing the implied $1.92bn valuation in New York, where it listed in 2010. The premium for Jinko’s Shanghai listing is understandable given the 15-year-old company’s commanding position in the global sola